The Consumer Financial Protection Bureau released two proposed rulemakings related to the Home Mortgage Disclosure Act. And MBA President and CEO Bob Broeksmit, CMB, took part in a panel discussion on housing finance reform at the Milken Institute Global Conference 2019.
Ginnie Mae Moves to Crack Down on Repeated Refinancings
Wall Street Journal, May 3, 2019--Ben Eisen (subscription)
Moore, Cain Withdrawals Re-Up Quest for Supporters on Fed Board
Wall Street Journal, May 5, 2019--Paul Kiernan, Alex Leary (subscription)
CFPB Accuses Two of the Nation's Largest Credit Repair Companies of Tricking and Cheating Customers
HousingWire, May 3, 2019--Ben Lane
Maxine Waters Has a Plan to Get What She Wants From Wall Street
Bloomberg, May 6, 2019--Austin Weinstein
Movement Mortgage Acquiring Retail Operations of Platinum Mortgage
HousingWire, May 3, 2019--Jacob Gaffney
Lenders Opening Doors to a Wider Swath of Home Buyers
The Real Deal, May 3, 2019--Kenneth R. Harney
Live Well Financial Halts Funding for New Loans
Reverse Mortgage Daily, May 3, 2019--Elizabeth Ecker
Initial Spring Home Buying Fails to Revive Nonbank Mortgage Employment
National Mortgage News, May 3, 2019--Bonnie Sinnock (subscription)
Amazon Says It Will Avoid a Housing Crunch With HQ2 by Planning Better Than It Did in Seattle
Washington Post, May 3, 2019--Robert McCartney, Patricia Sullivan
Homeowners Fault Government for Hurricane Harvey Damage
Wall Street Journal, May 6, 2019--Sara Randazzo, Dan Frosch (subscription)
Installing Floor Tiles Tops List of ‘Most Regretted DIYs'
Uexpress, May 3, 2019--Lew Sichelman
MBA Chart of the Week: Refinance Application Trends by Loan Size
This week's chart highlights the differential response of refinance applications to the recent decline in mortgage rates.
Unemployment Rate at 50-Year Low
The Bureau of Labor Statistics' April employment report beat expectations, as nonfarm payroll employment jumped by 263,000 and the unemployment rate fell to a 50-year low.
The Week Ahead
The MBA Legal Issues and Regulatory Compliance Conference is underway, running May 5-8 at the Hyatt Regency New Orleans.
Forecast Sees Moderation Going Forward
The outlook for the economy, real estate capital markets and real estate fundamentals remains positive but will likely moderate over the next three years, said the Urban Land Institute, Washington, D.C.
Dealmaker: NorthMarq Secures $79M for Multifamily, Industrial
NorthMarq Capital, Minneapolis, secured $79.3 million in financing for apartment and industrial properties in Colorado and California.
MBA Commercial/Multifamily Servicing & Technology Conference in L.A. May 14-17
The Mortgage Bankers Association's annual Commercial/Multifamily Servicing & Technology Conference takes place May 14-17 at the J.W. Marriott L.A. Live in Los Angeles.
MBA Compliance Essentials Consumer Complaints Resource Guide Available; Webinar May 29
The MBA Compliance Essentials Consumer Complaints Resource Guide serves as a base for the development of your company's policies and procedures in this important area. And join MBA Education on Wednesday, May 29 for an informative webinar, Update on Recent Activity & Managing Consumer Complaints.
Make Your Voice Heard through MBA Mortgage Action Alliance
The Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association.